Quarterly report pursuant to Section 13 or 15(d)

Note 18 - Segment And Geographic Areas

v2.4.0.6
Note 18 - Segment And Geographic Areas
 9 Months Ended
Mar. 31, 2013
Segment Reporting Disclosure [Text Block]
NOTE 18 – SEGMENT AND GEOGRAPHIC AREAS

The Company has identified three global regions or segments for its products and services; North America, Europe, and Asia-Pacific.  Our reportable segments are business units located in different global regions. Each business unit provides similar products and services; license fees for leasing and asset-based software, related maintenance fees, and implementation and IT consulting services.  Separate management of each segment is required because each business unit is subject to different operational issues and strategies due to their particular regional location.  We account for intra-company sales and expenses as if the sales or expenses were to third parties and eliminate them in the consolidation.  The following table presents a summary of operating information and certain balance sheet information for the nine months ended March 31:

   
2013
   
2012
 
Revenues from unaffiliated customers:
           
North America
  $ 5,012,431     $ 3,295,569  
Europe
    5,762,058       4,370,681  
Asia - Pacific
    24,765,007       17,779,058  
Revenue from related party
    154,050          
Consolidated
  $ 35,693,546     $ 25,445,308  
                 
Operating income (loss):
               
Corporate headquarters
  $ (2,280,141 )   $ (2,409,184 )
North America
    297,172       272,796  
Europe
    817,408       464,297  
Asia - Pacific
    8,235,650       4,226,333  
Consolidated
  $ 7,070,089     $ 2,554,242  
                 
Net income (loss) after taxes and before non-controlling interest:
         
Corporate headquarters
  $ (2,767,880 )   $ (3,157,229 )
North America
    255,283       272,233  
Europe
    815,938       507,471  
Asia - Pacific
    9,177,765       4,558,494  
Consolidated
  $ 7,481,106     $ 2,180,969  
                 
Identifiable assets:
               
Corporate headquarters
  $ 14,772,163     $ 15,921,658  
North America
    4,110,110       3,431,800  
Europe
    6,042,543       7,190,639  
Asia - Pacific
    76,224,455       64,868,497  
Consolidated
  $ 101,149,271     $ 91,412,594  
                 
Depreciation and amortization:
               
Corporate headquarters
  $ 102,005     $ 53,130  
North America
    486,060       234,943  
Europe
    656,727       559,073  
Asia - Pacific
    2,883,525       2,468,996  
Consolidated
  $ 4,128,317     $ 3,316,142  
                 
Capital expenditures:
               
Corporate headquarters
  $ 4,236     $ 3,170  
North America
    51,195       13,686  
Europe
    431,417       578,537  
Asia - Pacific
    6,264,154       3,134,178  
Consolidated
  $ 6,751,002     $ 3,729,571  

Net revenues by our various products and services provided for the period ended March 31, are as follows:

   
2013
   
2012
 
Licensing Fees
  $ 11,537,363     $ 6,092,203  
Maintenance Fees
    7,199,293       5,983,073  
Services
    16,802,840       13,370,032  
Services to related party
    154,050       -  
Total
  $ 35,693,546     $ 25,445,308  

During the nine months ended March 31, 2013, revenue services were provide to Atheeb NetSol Saudi Company Limited (related party).